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S.), annihilate, exterminate, bump off (slang), rub out (U.

The shareholders appoint a liquidator who dissolves the company by collecting the assets of the solvent company, liquidating the assets, and distributing the proceeds to employees who are owed wages and to creditors in order of priority.We sell our merchandise for pennies on the wholesale dollar which means that you are paying so below wholesale, that there is so much room for you to make profits.Most of our Closeout Deals and Liquidations are sold in bulk.Liquidation maybe voluntary (where the company is solvent but where the purposes for which it was set up have been achieved or no longer exist) or compulsory (usually where the company is insolvent).The function of a liquidator is to convert the assets of the company into cash, which is then distributed among the creditors to pay off (so far as possible) the debts of the company. Corporate changes: the property/casualty industry continued to consolidate, as state regulators kept a close watch on companies' viability and mergers and acquisitions maintained a healthy pace in 2001.

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